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Is $100 Oil Within Reach?

Is $100 Oil Within Reach?

We have a situation where…

Rising Middle East Risk Sparks Fear of $100 Oil

Rising Middle East Risk Sparks Fear of $100 Oil

In case of further escalation,…

Energy / Oil Prices

Supply Cuts Boost Oil Prices But Economic Concerns Limit Gains

Sep 07, 2023 at 08:30 | Tsvetana Paraskova

A slew of bullish and bearish factors have battled for dominance in the oil market this year as OPEC+ efforts to tighten the market have run up against…

Oil Prices Slip As Summer Travel Season Draws To An End

Sep 07, 2023 at 08:07 | City A.M

Oil prices have dipped this morning as expectations of jet fuel demand ease as the summer travel period comes to an end, alongside continued concerns over China’s uncertain…

Goldman Claims Oil Prices Could Hit $107 If OPEC+ Extends Cuts Next Year

Sep 07, 2023 at 04:55 | Tsvetana Paraskova

Oil prices could hit $107 per barrel next year if OPEC+ producers do not reverse their production cuts in 2024, Goldman Sachs said, noting that a triple-digit price…

Higher Oil Prices Could Spark A Fresh Wave Of Inflation

Sep 06, 2023 at 11:54 | Tsvetana Paraskova

Saudi Arabia and Russia moved with determination to support oil prices, extending their respective ongoing production and export cuts through the end of the year. In an initial…

Oil Soars Above $90 As Saudi Arabia Extends Deep Output Cuts

Sep 05, 2023 at 08:41 | Julianne Geiger

Saudi Arabia will extend its voluntary 1 million bpd crude oil production cut through the end of this year, according to the official Saudi Press Agency. This brings Saudi Arabia’s…

Oil Price Forecast Gets Boost On OPEC Output Cut Expectations 

Aug 31, 2023 at 12:24 | Alex Kimani

A group of 37 economists and analysts have raised their 2023 oil price forecasts for the first time in four months saying OPEC+ output cuts will be enough…

Will A Lower Oil Price Cap Finally Break Putin?

Aug 29, 2023 at 09:20 | RFE/RL staff

For sanctions advocates in the West, the steep slide in the value of the ruble this year is a clear sign that the economic penalties imposed on Russia…

Money Manager Sees $120 Oil Surprising Bears

Aug 23, 2023 at 08:53 | Charles Kennedy

Crude oil prices could be on track to hit $100 and even $120 per barrel, which calls for aggressive buying moves into the oil market now, Cole Smead, president and…

Macro Concerns Kill Off Oil Price Rally

Aug 15, 2023 at 09:58 | Tsvetana Paraskova

Weaker-than-expected economic data out of China is depressing sentiment on the oil market at the beginning of this week, offsetting growing optimism that the U.S. economy would pull off a…

Analyst: Oil Is Heading Well Into The $90 Range

Aug 14, 2023 at 09:35 | Charles Kennedy

The oil market is in a bullish move and heading well into the $90 per barrel range, Bob McNally, President at Rapidan Energy, told CNBC’s Squawk Box program on…

Rising Oil Prices Could Threaten Fed’s Soft Landing

Aug 10, 2023 at 09:09 | Tsvetana Paraskova

Higher oil prices could trigger inflation fears again, undoing part of the central banks’ efforts of the past year to tame soaring consumer prices. The fundamentals picture of the oil…

How Long Will the Oil Price Rally Last?

Aug 04, 2023 at 13:58 | Irina Slav

It’s been a wild week for oil prices. First soaring on news of the biggest U.S. inventory draw in years, benchmarks later slumped just as sharply when Fitch 

Oil Prices Are On A Six-Week Winning Streak

Aug 04, 2023 at 07:24 | Irina Slav

Crude oil prices were set for yet another weekly gain after Saudi Arabia said it would extend its voluntary production cuts of 1 million bpd into September.…

The Oil Price Rally Is Gaining Serious Momentum

Aug 03, 2023 at 08:22 | Alex Kimani

The oil markets were slow to react to obviously bullish catalysts such as supply cuts, falling inventories and growing demand when they first kicked in about three months ago. Indeed,…

Goldman Sachs: China Is The Biggest Driver Of The Oil Price Rally

Jul 31, 2023 at 09:55 | Tom Kool

The prospects of China’s oil demand and expected further economic stimulus in the world’s top crude importer have played the biggest role in the oil price rally in July, according…

Clean Energy Investor: OPEC+ Breakup Could Send Oil Down To $35

Jul 27, 2023 at 09:39 | Charles Kennedy

Slowing global oil demand growth and dissent over crude production policies could lead to a break-up of the OPEC+ alliance, which would send oil prices tumbling to as low as…

Traders Turning Bullish On Saudi Supply Cuts

Jul 18, 2023 at 10:48 | Tsvetana Paraskova

Hedge funds and other money managers are back to piling bullish bets on oil, expecting Saudi Arabia’s production cuts this summer to have put a higher floor under…

Texas Producers Expect Higher Oil Prices

Jul 13, 2023 at 12:39 | Tsvetana Paraskova

Oil prices are headed higher later this year amid increasingly bullish fundamentals, even though the market is still very much focused on macroeconomic concerns.  Supplies are tightening, thanks to the…

Sour Crude Oil Prices Skyrocket As Saudi Arabia Tightens Supply

Jul 12, 2023 at 07:45 | Tsvetana Paraskova

Saudi Arabia and its fellow OPEC+ producers may not have lifted the international crude oil futures with their production cuts, but the reduced supply from the world’s top crude exporter…

The Great Oil Market Paradox: Inflation Fears Meet Rising Demand

Jul 07, 2023 at 17:54 | Irina Slav

Inflation concern. Rate hike fears. These have been the drivers of oil market moves for months now. Demand and supply have largely remained ignored. But this may be about to…

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